As many of you may know, there are some serious changes underway about how unrealized gains will be reported. many are complaining that unrealized gain should not be reported in i/s since it is not part of the operations. many are complaining ish not fair. here is a quote from buffett.
In future quarterly and annual reports, the requirement will “severely distort Berkshire’s net income figures and very often mislead commentators and investors” by producing some “truly wild and capricious swings in our GAAP bottom-line.”
Do you agree?